(Alliance News) - SolGold PLC on Friday said it swung to a considerable loss in its latest financial year, mainly thanks to surging administrative expenses, and it said it will need additional funding to continue operations. Read More
SolGold PLC - London-based copper and gold exploration company, which has operations in Ecuador - Reaches agreement with the Ecuadorian government for the right to develop the Cascabel project for copper, gold and silver production via its subsidiary Exploraciones Novomining SA. Says contract is for 33 years, with the right to renew. Agrees to an advance royalty payment of USD75 million, with USD25 million due on the construction start date. Remaining payments due on first and second anniversaries of first payment. Read More
SolGold PLC - London-based copper and gold exploration company, which has operations in Ecuador - Receives term renewal of 25 years from the Ecuadorian government for its Cascabel project concession. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - SolGold PLC on Monday announced the appointment of Chris Stackhouse as chief financial officer and Scott Caldwell as chief executive officer. Read More
SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says it has completed the acquisition of Cornerstone Capital Resources Inc. The Cornerstone shares are expected to be delisted from the TSX Venture Exchange after the close of trading on February 28, and will cease trading from the OTC Pink Market and Frankfurt Stock Exchange. Expects SolGold to start trading on the main market of the London Stock Exchange on Monday. Read More
(Alliance News) - SolGold PLC on Friday said it expects its planned acquisition of Canada's Cornerstone Capital Resources Inc to complete by March 5. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Reports a pretax loss of USD10.7 million in 2022, widened from USD7.4 million in 2021, as administrative expenses jumped 82% to USD7.8 million from USD4.2 million. Records no revenue, unchanged from a year before. Needs to secure additional funding to continue its exploration and development programme and to continue to meet its obligations and liabilities. Says that it has secured funding in 2022 and is currently exploring further options for obtaining additional funding. Read More
SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says the consideration for its acquisition of Cornerstone Capital Resources Inc will be paid in entirely using SolGold shares, instead of cash, with Cornerstone shareholders receiving 15 shares in SolGold for each of their Cornerstone shares. Under the terms of the deal, entered into in October, SolGold had the option to pay up to 20% of the consideration in cash. The company says it expects to publish the prospectus shortly, with the acquisition to be completed soon afterwards. Read More
(Alliance News) - SolGold PLC on Friday noted that, at its annual general meeting on Thursday, 34% of shares cast were against the election of Interim Chief Executive Officer Scott Caldwell to the board of directors, while six other resolutions received less than 70% support. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Completes USD50 million royalty financing with Osisko Gold Royalties Ltd regarding to the Cascabel copper-gold project in northern Ecuador. Under the agreement, metal royalty company Osisko will receive a 0.6% net smelter royalty interest from the Cascabel licence area. SolGold entered the deal in early November. Read More
SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Jiangxi Copper Investment Company Ltd and other investors have agreed to buy 180 million shares at USD0.20 cents per share. Specifically, Jiangxi, a China-based firm that principally engages in the mining, smelting and processing of copper, will buy 155 million of shares. Jiangxi will have a 6.3% stake in SolGold. Says all the shares are expected to raise USD36.0 million from the investors. Read More
(Alliance News) - SolGold PLC on Tuesday said it is looking to maximise shareholder value through a USD50 million investment, a merger, and a "top priority" strategic review. Read More
SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Managing Director and Chief Executive Officer Darryl Cuzzubbo has left the company and the board, effective November 10. SolGold appoints non-executive director Scott Caldwell as interim CEO until a permanent replacement is appointed. Read More
(Alliance News) - SolGold PLC on Tuesday said it has appointed Scott Caldwell and Dan Vujcic as non-executive directors on the company board, effective immediately, in accordance with the terms of its merger with Cornerstone Capital Resources Inc. Read More
(Alliance News) - SolGold on Friday said it has entered into a friendly merger with Toronto-listed Cornerstone Capital Resources Inc, whereby SolGold will buy all of Cornerstone's shares. Read More